Overview:
- Bitcoin broke above the $92,000 mark with considerable market volumes, indicating renewed confidence, despite the possibility of slowed whale actions in the short term.
- Solana led today’s market movers as it rallied almost 5%, as market participants began to rotate into fast Layer 1 blockchains and highly active networks.
- Layer 2 tokens are performing better compared to most major assets, indicating an increase in interest for scaling solutions as Ethereum keeps on trading within a tight range.
Crypto prices today mirror a degree of cautious positivity as the leading coins display consistent improvements. Bitcoin broke above $92,000 once again. Ethereum maintained itself above the vital $3,200 benchmark. Solana, XRP, and altcoins led market sentiment higher, despite a whale slowdown that may affect short-term volatility. Here’s what happened in the crypto market today based on CoinMarketCap data.
Bitcoin Price Above $92,000
Bitcoin price appreciated by 1.37%, reaching $92,454.54, thereby breaking above the $92,000 mark. It has a market capitalization of $1.84 trillion with a 24-hour market volume surpassing $58.9 billion. The current performance of Bitcoin represents market confidence, but whale market actions have brought some uncertainty about market direction.
CoinSwitch Markets Desk commented, ” to $93,000 after briefly dipping to $89,000 following the Fed’s rate cut, mirroring a late-session rebound in US equities. Precious metals outperformed, with silver hitting a fresh all-time high and gold approaching $4,300.”
CoinSwitch analysts further noted, “In the near term, BTC is likely to move sideways between $88,000-$94,000 as selling pressure eases, but buyers remain cautious. With the rate cut already priced in, no new macro catalyst is driving momentum. Holding above $88,000 should help stabilize the market, while a breakout above $94,000-$96,000 will require stronger inflows or meaningful positive news.”
Ethereum and Top Altcoins Trade in Green
Ethereum price was at $3,249.80 at press time with an increase of 1.26% over the last day. The token supported itself above the critical level of $3,200 with a market capitalization of $392.2 billion and a daily trading volume of $24.6 billion. Although there has been an increase, Ethereum has witnessed tight compared to other large cryptocurrencies.
Solana rallied with a surge of 4.89%, reaching $137.19. It is the best-performing cryptocurrency among today’s list of the top ten cryptocurrencies. It had a 24-hour trade volume of $4.86 billion with a market capitalization of $77 billion.
XRP price went up 0.90% at $2.03. BNB soared 2.25% to $889.52 with a market capitalization of $122.5 billion. TRON (TRX) rose 0.11% and traded at $0.2798. Meanwhile, Dogecoin rose 1.26% to $0.1404.
Cardano (ADA) emerged as the lone loser among top altcoins with a 2.38% decrease at a price of $0.4216. On the other hand, stablecoins were almost unchanged as expected. USDT traded at $1 and USDC at $0.9999.
Apart from the market leaders, there were big sector-specific movements among crypto prices. Layer 2 assets topped all categories with a gain of 1.66%, with Merlin Chain surging 4.99% and Mantle increasing 4.07%.
1.45%, but they are also facing tough challenges. Layer 1 assets were up 1.33%, with Zcash registering an 18% increase. DeFi assets were up 1.26%, led by Beldex with a 13.63% gain.
Other market movers were Dash, which jumped 5.41% within the CeFi sector, and Keeta, which surged 33.44% within the PayFi sector. These price upticks are an indication that crypto prices today were driven by widespread buying across various sectors.
Crypto News Affecting the Market Today
Although crypto prices today are mostly positive, there have been whale transactions that have drawn market interest. As per Glassnode statistics, sales and transfers of 36,500 BTC have been made or sold by Bitcoin whales who hold 10,000-100,000 BTC as of December. This amount equates to approximately $3.37 billion.
Whale distribution might be an indication of rebalancing and liquidity planning among institutional players. It has been viewed as a possible challenge to short-term price movements for Bitcoin, but it might be seen as a sign of healthy profit-taking following recent gains.
CryptoQuant CEO Ki Young Ju proclaimed that the ‘meme market is dead’. He commented so in light of statistics illustrating that the market share for meme coins among all alternative cryptocurrencies fell sharply from above 0.1 at the start of 2025 to below 0.04. Meme coins have only shown a meager 1.45% increase today, indicating perhaps the recent uptrend witnessed by the sector might be short-lived.
The fact that Layer 2 tokens are currently performing so well, even better than Ethereum itself, shows that it has become increasingly recognized just how vital scaling solutions are. As Ethereum continues to have problems with congestion and high gas costs, are seeing an increase in transaction activity.